Global Learning Resources

Employee Retention

GLR can:

Why do people choose to come to a company in the first place? Why do people stay at a company or leave? What motivates each behavior and how can employers motivate people to stay longer?

These are the questions being asked, as they have been for decades, as employers struggle with a decreasing pool of talent and increasing business needs.

The negatives of turnover are obvious: greater costs to hire and train new employees, lost knowledge and experience, decreases in productivity, and lower quality of work. The positives are less well understood, but no less real: infusion of new ideas, additional of new knowledge and experience to the company's knowledge base, lower wages as new employees often enter at a lower scale, and enhanced promotional opportunities for those who stay.